India, March 20 -- Stocks moved to the downside at the start of trading on Thursday but have shown a notable turnaround since then. The major averages have climbed well off their lows of the session and firmly into positive territory.

The major averages have pulled back off their best levels in recent trading but currently remain in the green. The Dow is up 212.50 points or 0.5 percent at 42,177.13, the Nasdaq is up 81.67 points or 0.5 percent at 17,832.46 and the S&P 500 is up 23.05 points or 0.4 percent at 5,698.34.

The rebound on Wall Street came as a report from the National Association of Realtors unexpectedly showing a significant rebound by existing home sales helped ease concerns about the strength of the economy.

NAR said existi...